Sotera Health (SHC) Operating Margin (2020 - 2026)
Sotera Health's Operating Margin came in at 35.90% for Q3 2026, down 0.80 percentage points from 36.70% a year earlier but up 1.74 percentage points from the prior quarter.
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Analysis
Sotera Health (SHC) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Sotera Health reported Operating Margin of 33.64%, up 1.35 percentage points year-over-year; for FY2025, it came in at 33.75%, up 6.71 percentage points from FY2024.
- Operating Margin has increased in each of the last three years, with a five-year change of +8.57 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 27.05% in FY2024 (+0.68 pp), 26.37% in FY2023 (+1.63 pp), 24.74% in FY2022 (-2.82 pp) and 27.56% in FY2021 (+2.38 pp).
- The five-year range for quarterly Operating Margin is 15.13% (Q1 2023) to 36.70% (Q3 2025).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +2.88 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2023 (a gain of 9.62 percentage points), and the weakest in Q1 2023 (a drop of 7.47 percentage points).
- Business Quant data shows SHC's Operating Margin at 34.17% (Q2 2026), 28.16% (Q1 2026) and 35.73% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | -8.60% |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 10.55% |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 15.47% |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 31.08% |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | -36.78% |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 3.81% |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | -13.82% |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | - |
| 10 | Sotera Health | 4.58 Bn | 3.16 Bn | 180.79 Mn | 35.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.90% |
| Jun 30, 2026 | 34.17% |
| Mar 31, 2026 | 28.16% |
| Dec 31, 2025 | 35.73% |
| Sep 30, 2025 | 36.70% |
| Jun 30, 2025 | 33.20% |
| Mar 31, 2025 | 28.43% |
| Dec 31, 2024 | 30.03% |
| Sep 30, 2024 | 28.20% |
| Jun 30, 2024 | 27.77% |
| Mar 31, 2024 | 21.43% |
| Dec 31, 2023 | 33.53% |
| Sep 30, 2023 | 28.92% |
| Jun 30, 2023 | 24.76% |
| Mar 31, 2023 | 15.13% |
| Dec 31, 2022 | 23.92% |
| Sep 30, 2022 | 25.41% |
| Jun 30, 2022 | 26.81% |
| Mar 31, 2022 | 22.59% |
| Dec 31, 2021 | 27.53% |
API Access
Sotera Health Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();